NVDA - NVIDIA Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
186.30
-0.99 (-0.53%)
At close: 4:00PM EDT
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Previous Close187.29
Open187.56
Bid186.38 x 800
Ask186.47 x 1000
Day's Range185.19 - 188.93
52 Week Range124.46 - 292.76
Volume9,524,704
Avg. Volume15,518,029
Market Cap113.362B
Beta (3Y Monthly)2.37
PE Ratio (TTM)28.10
EPS (TTM)6.63
Earnings DateMay 15, 2019
Forward Dividend & Yield0.64 (0.36%)
Ex-Dividend Date2019-02-28
1y Target Est183.19
Trade prices are not sourced from all markets
  • What Are the Biggest Risks Fund Managers Are Concerned About?
    Market Realistyesterday

    What Are the Biggest Risks Fund Managers Are Concerned About?

    BAML Survey: How Are Global Fund Managers Positioned?(Continued from Prior Part)Biggest tail risk In Bank of America Merrill Lynch’s April 2019 survey, the slowdown in China and the trade war tied for the biggest tail risk according to the

  • Why Autonomous Could Be a Strong Driver for Nvidia (NVDA) Stock
    SmarterAnalyst2 days ago

    Why Autonomous Could Be a Strong Driver for Nvidia (NVDA) Stock

    The gaming sector appears to be slower than investors had hoped for, and with Advanced Micro Devices (NASDAQ:AMD) becoming a stronger rival, the relative weakness of the gaming industry creates a key risk to Nvidia (NASDAQ:NVDA) stock. However, despite some of the negative commentary pertaining to Nvidia, there could be a silver lining to the recent GPU apocalypse. Perhaps, the on-going development within its ADAS (advanced driver assistance systems) division could offset some of the negative headwinds, as there were a number of wins recently tied to automotive OEMs, and on-going deployments of level 3-4 systems that could move the investor thesis forward in this area.Rob Csonger (General Manager of Autonomous Machine Group Nvidia) was on the call with Timothy Arcuri (UBS Analyst), where they discuss the development of Nvidia’s ADAS systems, and also how they came up with their expected total addressable market opportunity:> Rob Csonger: The TAM that we talked about at our recent investor day – the $30 billion number -- was based off of three components. One was a driving component; in other words this is revenue that NVidia would derive from computers and software that would go into the vehicles. The second component would be data center products, which are used for training and development of the software that goes into the car computers. And then finally at GTC we announced a new product called Drive Constellation, which is a simulation product for testing and validating.> > Rob Csonger: So what we're doing is - our technology of course is based on our newest processor called Xavier. And we are enabling the world's automakers to deploy a system like this with even more performance and more functionality. And the announcement we made with Toyota is an example of that. So based on that, I think - you know, we estimated roughly 35 million cars and we also estimated that you would need two computers. You would need a computer for the selfdriving and you need a computer for the cockpit. And given a, you know -- call it -- hundreds of dollars, you know, ASP, you'd end up with, you know, a significant portion of that TAM.What Rob Csonger is anticipating are a number of factors near-term that will drive the autonomous market forward. Namely, Toyota and Mercedes Benz, which have both expanded their collaboration on Nvidia’s autonomous platform, which means the shipment of a lot more Xavier chips when both companies are ready to launch their next-gen platforms (could be a couple years out).Nvidia also released Xavier (several months ago) which does 30 trillion operations per second (heavily optimized for Nvidia’s custom CUDA architecture and machine learning algorithms). Rob Csonger also mentioned that they have “85 other companies developing on the Xavier platform.” Plus, it could have widespread adoption in robotics or other areas where datacenter on a chip makes sense. They started selling the developer kits (January 2019) for quantities of 1,000 (minimum) for $1,100 (implying that each developer kit will cost $1.1M per company at minimum).Assuming, the automotive narrative plays out, Nvidia could reach a multiple billion/year revenue runway from the segment alone. Though, customers would have to value a more advanced autonomous driving system when buying their cars and opt for the upgrade. However, Tesla has a 77% attach rate for its advanced autonomous features, which cost $5,000 extra, according to Rob Csonger, so there may be meaningful adoption even if Toyota were to release the same feature.If Toyota were to market a Level 4 system (which could work on freeways but probably not surface roads) and sold 1M cars with these features, while Nvidia generates $2,000 per unit (due to volume) they would generate an incremental $2B revenue from just Toyota alone. Toyota sold 10.4 million cars in FY’18, so they’d only need to sell the feature to just 10% of their customer base for it to become a viable volume business for Nvidia.Bottom LineAutonomous remains Nvidia’s most promising growth area given the weakness in GPU shipments tied to gaming and crypto mining. The autonomous revenue might surprise in the next couple quarters as developer kit orders for Xavier starts to impact financial results. However, the adoption of Nvidia’s ADAS architecture might not translate into meaningful volume shipments for a couple years, but each auto OEM does intend to launch cars with ADAS level 4-5 systems in the next five-years.Disclosure: The author has no position in Nvidia stock.Read more on NVDA:  * Nvidia: Looking Like Intel Isn’t Necessarily a Great Thing * Nvidia (NVDA): Investor Day Sets Bullish Tone for the Stock More recent articles from Smarter Analyst: * Jeff Bezos Is Leading Amazon (AMZN) in the Right Direction * Microsoft (MSFT) Stock's Big Rally Should Continue * Oppenheimer Still Sees 40% Upside for Tesla (TSLA) Stock * The Qualcomm (QCOM) Hype Continues: Canaccord Boosts Price Target on the Stock

  • Intel Announces 5G Exit: Can Qualcomm Be Apple’s Chip Supplier?
    Market Realist2 days ago

    Intel Announces 5G Exit: Can Qualcomm Be Apple’s Chip Supplier?

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  • How To Invest In Stocks: A Guide To The Stock Market For Beginners
    Investor's Business Daily2 days ago

    How To Invest In Stocks: A Guide To The Stock Market For Beginners

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  • Benzinga2 days ago

    Jim Cramer Shares His Thoughts On AMD, Gilead, Nvidia And More

    On CNBC's "Mad Money Lightning Round,"  Jim Cramer said he would wait for Arista Networks Inc (NYSE: ANET ) to come down before buying the stock. Cramer likes NVIDIA (NASDAQ: NVDA ). He loves ...

  • 7 Reasons the Stock Market Rally Isn’t Over Yet
    InvestorPlace3 days ago

    7 Reasons the Stock Market Rally Isn’t Over Yet

    Stocks are up big in 2019. Really big. Year-to-date, the S&P 500 as represented by the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up more than 16%. To put that in perspective, this decade has only featured two years wherein stocks returned more than 15% for the whole year. The stock market has already done that this year, and we aren't even a third of the way through 2019. People are finding stocks to buy all over the place.Given how far and how fast socks have rallied in 2019, some market observers think that best of 2019 is in the rearview mirror. Indeed, some pundits think that stocks have already reached their 2019 peak, and that the rest of the year will play out like the last few months of 2018.I don't buy that bear thesis. Stocks aren't done rallying here. Granted, while we may not see the S&P 500 tack on another 15% from here into the end of the year, stocks should be able to grind higher over the next several months for several reasons.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm What are those reasons? Let's take a closer look at why stocks can and will head higher from here, and why you should still be open to new stocks to buy. The Economy Appears to Be Stabilizing & ImprovingAbove all else, stocks could remain in rally mode for the rest of 2019 because the global economy, which has slowed over the past several months, appears to be stabilizing and even showing signs of improving.The OECD area Composite Leading Indicator (CLI) has been slipping since late 2017, but February 2019's month-to-month drop in CLI was the smallest month-to-month drop since early 2018. Thus, the decline is moderating. This is true for the CLI in the EU, the U.S. and China.Broadly speaking, economic conditions globally are stabilizing in 2019, while they are actually improving in the U.S. and China. If these economic improvements persist, stocks will naturally remain on an upward trend. A Trade War Resolution Could Be Coming SoonSource: Shutterstock One of the biggest headwinds which weighed on stocks in late 2018 was rising trade tensions between the U.S. and China. But, those trade tensions have cooled substantially in 2019. Now, the consensus on Wall Street is that a trade war resolution is coming soon.If such a resolution does happen soon, stocks will rally in a big way. China economic activity will re-accelerate. So will U.S. economic activity. Corporate revenue and margin headwinds will move into the rear-view mirror. Profit estimates will move higher. Investor sentiment will improve. * 7 Stocks to Buy for Spring Season Growth In other words, I wouldn't want to be on the sidelines if and when a trade war resolution comes in 2019. The Fed Has Gone DovishSource: Shutterstock Another huge headwind which weighed on stocks in late 2018 was a hawkish Federal Reserve, which was seemingly determined to hike interest rates regardless of the incoming economic data.This headwind, too, has reversed course in 2019. The Fed has done a 180, going completely dovish and adopting a data-dependent policy. The data right now, while good, doesn't show any inflation. As such, the Fed appears ready to hold rates steady for the foreseeable future.Zero rate hikes into the end of the year could add some much-needed juice back into this economy. The consumer economy will pick back up thanks to lower borrowing costs. The housing sector will rebound. So will the auto sector. Industrial activity will pick back up. Broadly speaking, the whole economy should continue to improve so long as the Fed stays on the sidelines. That improvement will ultimately help push stocks higher. The Bond Market Has RalliedSource: United States Treasury, Bureau of Public Debt via WikimediaOne of the biggest thing for stocks is their valuation gap relative to bonds. In plain English, the bigger that gap, the more attractively valued stocks appear, and the more room they have to run higher from a relative valuation perspective.Right now, that gap is really big, mostly thanks to the Fed holding rates constant, which has led to a bond market rally, and kept the yields on bonds depressed. Specifically, the 10-Year Treasury Yield today sits at just 2.6%. The S&P 500 forward earnings yield is 6%. That is a 340 basis point spread between bond and stock yields, which is huge from a historical standpoint. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot As such, relative to bonds, stocks remain historically undervalued. Because of this, until the bond market collapses, stocks will likely remain on an upward trajectory Valuations Are ReasonableSource: Shutterstock Even excluding valuation relative to bonds, stocks appear reasonably undervalued at current levels.The current forward-12-month price-to-earnings multiple for the S&P 500 is 16.7. That's only slightly above the five-year average forward multiple of 16.4. Plus, most analysts see 2019 as a weak year for earnings growth, and are projecting for 2020 earnings growth to be much better, given the global economic improvements outlined above.As such, fiscal 2020 EPS estimates for the S&P 500 currently sit at $187. A five-year average 16.4 forward multiple on $187 implies a 2019-end price target for the S&P 500 of over 3,050. The index currently sits around 2,900. Thus, upside into the end of the year looks good from a numbers perspective. The Market Has Leadership AgainSource: Shutterstock One thing close market observers always say is that in order for the market to head higher, you need market leadership. Translated, that basically means that financial markets are healthiest when there's a group of stocks which are paving the path for higher prices for the whole market.In the back half of 2016 and through all of 2017, the stock market had that leadership in large-cap tech stocks. The Nasdaq-100 Technology Sector rallied nearly 70% from July 2016 to December 2017, and that paved the path for a nearly 30% rally in the S&P 500. In 2018, the market lost that leadership. Tech stocks faltered, and the Nasdaq-100 Technology Sector dropped 6%. That likewise led to a 6% drop in the S&P 500. * 7 Stocks That Can Outperform for Years As economic and financial market conditions have improved in 2019, though, tech leadership has returned to the market. Tech stocks are up a whopping 30% year-to-date, and that has powered a robust 15% gain for the S&P 500. So long as this tech leadership persists, stocks should broadly head higher. Individual Narratives Are ImprovingSource: Shutterstock At the end of the day, the stock market is a collection of a bunch of individual stocks. Thus, so long as those individual stocks continue to do well, the stock market will broadly continue to do well, too.Presently, the outlook for individual stocks to head higher is favorable. Narratives across the market are improving. Digital ad stocks like Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) are shaking off 2018 data privacy concerns and turning on the growth engines in 2019. Semiconductor stocks like Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA) are rebounding amid signs that the worst of this recent cycle downturn is over. Retail stocks like Walmart (NYSE:WMT) and Target (NYSE:TGT) are pushing higher amid renewed consumer confidence. Housing stocks like KB Home (NYSE:KBH) are in full rebound mode as confidence has returned to the housing market. China stocks like JD (NASDAQ:JD) and Alibaba (NYSE:BABA) are likewise rebounding strongly as China's economy has improved in 2019.In other words, individual stock narratives are dramatically improving. So long as these improvements persists, stocks will broadly head higher.As of this writing, Luke Lango was long FB, GOOG, NVDA, WMT, HD, KBH, JD, and BABA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 7 Reasons the Stock Market Rally Isn't Over Yet appeared first on InvestorPlace.

  • Lofty Expectations for Driverless Cars Could Hurt These 3 Chipmakers
    Motley Fool3 days ago

    Lofty Expectations for Driverless Cars Could Hurt These 3 Chipmakers

    Investors should temper their expectations for Intel, Ambarella, and NVIDIA’s driverless efforts.

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  • Intel (INTC) Intends to Drop 5G Smartphone Modem Business
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  • China’s Slowdown Concerns Decline amid Strong Data
    Market Realist3 days ago

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  • What Does Gundlach Have to Say about the Fed’s Next Moves?
    Market Realist3 days ago

    What Does Gundlach Have to Say about the Fed’s Next Moves?

    Why Jeffrey Gundlach Thinks Now's a Good Selling Opportunity(Continued from Prior Part)Jeffrey Gundlach on central banks Jeffrey Gundlach presented his views on central banks’ policies and how they impact investments during his interview with The

  • NVIDIA’s Go-to-Market Partners Make GPU Deployment Easy
    Market Realist3 days ago

    NVIDIA’s Go-to-Market Partners Make GPU Deployment Easy

    Here Are Some Secrets behind NVIDIA's Success(Continued from Prior Part)NVIDIA’s go-to-market partners NVIDIA (NVDA) has been strengthening its products by working alongside industry partners to identify the applications where AI (artificial

  • NVIDIA Reaches Low-End PC Users with GeForce NOW Services
    Market Realist3 days ago

    NVIDIA Reaches Low-End PC Users with GeForce NOW Services

    Why Investors Should Have Faith in NVIDIA's Gaming Business(Continued from Prior Part)NVIDIA’s GeForce NOW NVIDIA (NVDA) has been benefitting from the growing popularity of gaming, as it supplies the most advanced gaming GPUs (graphics processing

  • Why Analysts Recommend a ‘Buy’ for NVIDIA
    Market Realist3 days ago

    Why Analysts Recommend a ‘Buy’ for NVIDIA

    Here Are NVIDIA's Key Growth Catalysts(Continued from Prior Part)NVIDIA’s investments NVIDIA (NVDA) has been leveraging its platform strategy and product segmentation strategy to improve its profits while keeping its expenses in check. Its

  • Goldman Sachs' Stock Picks for a Slowing Economy
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  • Nvidia (NVDA) Outpaces Stock Market Gains: What You Should Know
    Zacks4 days ago

    Nvidia (NVDA) Outpaces Stock Market Gains: What You Should Know

    Nvidia (NVDA) closed the most recent trading day at $188.21, moving +1.9% from the previous trading session.

  • NVIDIA’s Go-to-Market Strategy Differentiates It from Competitors
    Market Realist4 days ago

    NVIDIA’s Go-to-Market Strategy Differentiates It from Competitors

    Here Are Some Secrets behind NVIDIA's Success(Continued from Prior Part)NVIDIA’s go-to-market strategyFor any business to grow, it needs a good product and a strong go-to-market strategy to put the product in the hands of the consumer. Many

  • NVIDIA’s Accelerated Computing Makes Real-Time Inference a Reality
    Market Realist4 days ago

    NVIDIA’s Accelerated Computing Makes Real-Time Inference a Reality

    Here Are Some Secrets behind NVIDIA's Success(Continued from Prior Part)NVIDIA’s AI inference opportunity NVIDIA (NVDA) is an accelerated computing platform company, and its end goal is to accelerate computing. It has accelerated computing in deep

  • How NVIDIA Increased Data Center Revenue Ninefold in Three Years
    Market Realist4 days ago

    How NVIDIA Increased Data Center Revenue Ninefold in Three Years

    Here Are Some Secrets behind NVIDIA's SuccessNVIDIA’s data center business NVIDIA (NVDA) is a well-known name in the gaming and data center markets. Gaming is its biggest business, whereas data center is its fastest-growing business. Its data

  • J.P. Morgan Says Most Chinese Equity Gains behind Us
    Market Realist4 days ago

    J.P. Morgan Says Most Chinese Equity Gains behind Us

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  • NVIDIA Banks on Ray Tracing for Future Gaming Growth
    Market Realist4 days ago

    NVIDIA Banks on Ray Tracing for Future Gaming Growth

    Why Investors Should Have Faith in NVIDIA's Gaming Business(Continued from Prior Part)Ray tracing NVIDIA (NVDA) is a leader in the PC gaming market because of its most advanced GPU (graphics processing unit) technology. In September 2018, it

  • How NVIDIA Selects AI Verticals to Pursue
    Market Realist4 days ago

    How NVIDIA Selects AI Verticals to Pursue

    Here Are NVIDIA's Key Growth Catalysts(Continued from Prior Part)NVIDIA’s strategy behind investing in new verticals NVIDIA (NVDA) offers the most advanced GPU (graphics processing unit) technology in all its core verticals of gaming, professional

  • Gaming Notebooks Drive NVIDIA’s Gaming Revenue
    Market Realist4 days ago

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  • NVIDIA Broadens Product Portfolio to Tap New Computing Markets
    Market Realist4 days ago

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